Regulation & law · 11/09/2001

Philadelphia Stock Exchange, Inc. Expands Pilot Program to Disengage Automatic Execution System 'AUTO-X'

The Philadelphia Stock Exchange, Inc. has filed a notice and received accelerated approval to increase the number of options included in its pilot program to disengage its automatic execution system ('AUTO-X') for a period of thirty seconds after a certain number of contracts are automatically executed, meeting the AUTO-X minimum guarantees for that option.